\*\*\_Event of Loss\_\*\* with respect to the Aircraft, the Airframe or an Engine
shall mean any of the following events: (i) loss of such property or the use
thereof due to theft, disappearance, destruction, damage beyond repair or
rendition of such property permanently unfit for normal use for any reason
whatsoever; (ii) any damage to such property that results in an insurance
settlement with respect to such property on the basis of a total loss or
constructive total loss; (iii) the condemnation, confiscation or seizure of,
or requisition of title to or use of, such property by the act of any foreign
or domestic Governmental Authority (“ \*\*Requisition of Use\*\* ”); (iv) as a
result of any rule, regulation, order or other action by any foreign or
domestic Governmental Authority (including, without limitation, the FAA or any
similar foreign Governmental Authority) having jurisdiction, (A) the use of
such property shall have been prohibited, or such property shall have been
declared unfit for use, for a period of six (6) consecutive months, unless
Lessee, prior to the expiration of such six-month period, shall have
undertaken and, in the opinion of Lessor, shall be diligently carrying forward
all steps that are necessary or desirable to permit the normal use of such
property by Lessee or, in any event, if use shall have been prohibited, or
such property shall have been declared unfit for use, for a period of twelve
(12) consecutive months or such prohibition shall exist on the date on which
Lessor is required to return the Aircraft pursuant to the applicable
provisions of the Lease, (B) either Lessee or Lessor shall be required to
divest itself of its rights, title or interest in such property, or (C) the